This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format for the general government sector, with the exception ofTable 2 which presents data for the public non financial corporations sector.

Commencing with this issue, quarterly GFS are being released for the current financial year only. Quarterly GFS are preliminary aggregations of public sector data and are replaced each year by the publication of final annual GFS. Data for previous quarters therefore, will be replaced by final annual GFS for the 2003-04 financial year which are due for release on 15 April 2005 in Government Finance Statistics 2003-04 Cat. No. 5512.0.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table

Sep 04

Dec 04

Mar 05

Jun 05

Table 1 All levels of Government

*

*

Table 2 All levels of government - Public Non Financial Corporations

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*

Table 3 Commonwealth Government

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*

Table 4 Total State and local

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*

Table 5 New South Wales

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Table 6 Victoria

*

Table 7 Queensland

*

Table 8 South Australia

*

Table 9 Western Australia

*

Table 10 Tasmania

*

Table 11 Northern Australia

*

Table 12 Australian Capital Territory

*

The March quarter 2005 release will contain the September, December and March quarter data for Tables 1 to 4 and the individual state and local tables for the September and December quarters.

The March quarter 2005 issue is expected to be released on 31 May 2005 and the June quarter 2005 on 6 September 2005, one day before the release of the March quarter 2005 and June quarter 2005 National Accounts publications respectively. Users should check the ABS Release Advice closer to the date for confirmation of the release date.

The contact officer for this release is Fleming Gilfelt on Canberra (02) 6252 7501.

DECEMBER QUARTER 2004 KEY FIGURES: ALL LEVELS OF GOVERNMENT

September quarter 2004 to December quarter 2004 movements -

In original terms, taxation revenue rose $7,149m to $69,609m, due mainly to increases in taxes on income for individuals and enterprises.

The general government GFS Net operating balance, in original terms, rose $4,165m to $5,311m.

In original terms, the general government GFS Net lending position rose $2,783m, from $1,075m to $3,858m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sep qtr2004

Dec qtr2004

% change Sep qtr 2004 to Dec qtr 2004

$m

$m

%

Current prices

Taxation revenue

General government

62,460

69,609

11.4

Total revenue

General government

76,505

82,939

8.4

Public non financial corporations

15,761

16,765

6.4

Total expenses

General government

75,359

77,628

3.0

Public non financial corporations

15,765

14,374

-8.8

GFS Net operating balance

General government

1,146

5,311

..

Public non financial corporations

-4

2,391

..

GFS Net lending(+)/borrowing(-)

General government

1,075

3,858

..

Public non financial corporations

-1,225

994

..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2004 from the forthcoming national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and chain volume terms.

In seasonally adjusted chain volume terms, total general government final consumption expenditure rose 1.2% in December quarter 2004.

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